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Strange but true – the technology Apple now officially has more money than the U.S. government, and significantly debt. America’s Treasury Department shows that the country has an operating balance of $73.7 billion while Apple’s most financial reports show a healthier bank balance of $76.4 billion. This incredible state of has resulted in CNN to that the U.S. government should start selling iPads to help serve the American people. Or Apple CEO Steve Jobs should become president of the USA? Another financial between the world’s largest economy and the successful Apple is its debt ratio. The U.S. government currently spends $200 billion a month more than it . Conversely, Apple takes in far more than it spends.

The U.S. government is in a financial crisis, which is having an impact on the world’s financial markets. It is desperately trying to defaulting on its debt. President Barack Obama has tried for weeks to the opposition Republican Party to agree to the country’s debt ceiling. He says America must do this and borrow more money to be able to its way at home and around the world. The country is in grave of running out of money. This would mean public getting no salaries and the country would to meet its international financial commitments. Such a could see the dollar crash, leading to a possible second global financial crisis in five years. Obama told the Republicans, “to up and show the leadership that the American people expect”.

 


 
 
 
 
 
 
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